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Leidos Holdings, Inc. (NYSE: LDOS) delivers mission-critical technology and engineering solutions to defense, intelligence, and healthcare sectors. This news hub provides investors with essential updates about contract awards, strategic partnerships, and operational developments impacting this Fortune 500 leader.
Access timely press releases and analysis covering Leidos' defense modernization initiatives, cybersecurity advancements, and health IT innovations. Our curated collection helps stakeholders track progress in key areas like geospatial intelligence, digital transformation projects, and government contracting milestones.
Find updates on quarterly earnings, major Department of Defense contracts, and research breakthroughs in secure communications technology. All content is verified through primary sources to ensure accuracy for financial decision-making.
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Leidos has been awarded a prime contract by the U.S. Army valued at $600 million to assist the Army Geospatial Center's HR3D Geospatial Information Operation and Technology Integration program. The contract has a one-year base and three one-year options, with work primarily in Virginia and other locations. Leidos will support the BuckEye program, critical for high-resolution geospatial data collection. This initiative enhances U.S. military capabilities and international partnerships in addressing humanitarian needs and improving global security.
Leidos (NYSE: LDOS) has successfully transitioned the Department of the Navy's enterprise IT networks, marking a key milestone in its $7.7 billion Service Management, Integration and Transport (SMIT) contract awarded in February 2020. As of August 1, 2021, Leidos took over IT operations for the Navy-Marine Corps Intranet and other critical networks serving over 650,000 professionals. This modernization aims to implement innovative technologies, enhancing network capabilities and user experience while maintaining high cybersecurity standards.
Leidos Holdings, Inc. (NYSE: LDOS) has declared a quarterly cash dividend of $0.36 per share, marking a $0.02 increase from the previous dividend of $0.34. This dividend is payable on September 30, 2021, to stockholders of record by September 15, 2021. The company reported annual revenues of approximately $12.30 billion for the fiscal year ending January 1, 2021, reflecting its position as a leader in technology and engineering solutions.
Leidos (NYSE: LDOS) will exhibit its advanced solutions for U.S. naval forces at the 2021 Sea-Air-Space Exposition from August 2-4 in National Harbor, MD. The company has expanded its maritime portfolio through acquisitions including Dynetics and Gibbs & Cox, enhancing capabilities in hypersonics and IT services. Leidos is now responsible for the Navy's $7.7 billion Next Generation Enterprise Network contract, focusing on modernizing digital infrastructure. The exhibition will also feature autonomous vessels like Sea Hunter and Seahawk, showcasing innovations in maritime technology.
Leidos (NYSE: LDOS), a leading science and technology firm, will participate in the Jefferies Virtual Industrials Conference on August 4, 2021, at 1:00 p.m. ET. CEO Roger Krone will take part in a Q&A session, which can be accessed via live audio webcast on the Leidos Investor Relations site. A replay will be available for 30 days post-event. Leidos is headquartered in Reston, VA, with annual revenues of approximately $12.30 billion for the fiscal year ending January 1, 2021.
Leidos (NYSE: LDOS) showcased its autonomous capabilities during the Joint Logistics Over-The-Shore (JLOTS) exercise at DEFENDER-Europe 21 in Albania. This marks the first deployment of an autonomous landing craft in a NATO exercise outside the U.S. The exercise demonstrated the Autonomous Littoral Connector (ALC), showing advancements in ship-to-shore operations. The ALC autonomously beached and transported supplies, enhancing its role in rapid military deployability. Leidos aims to further develop these capabilities for future operations.
Leidos (NYSE: LDOS) has initiated the 'Move the Needle' sweepstakes, offering $1 million in prizes to encourage COVID-19 vaccinations among its employees. The program, announced on July 7, 2021, will award ten employees with their annual salary, drawn from approximately 35,000 eligible full-time U.S. employees. This initiative is part of Leidos' broader mission to enhance public health and safety. The sweepstakes runs from June 28 to October 29, 2021, highlighting the company's commitment to investing in its workforce to promote vaccination efforts.
Leidos (NYSE:LDOS) announces leadership changes effective July 5, aimed at optimizing internal processes and talent development. Paul Engola is appointed EVP, National Security Space, while George Reiter becomes acting CHRO. Jim Cantor will retire, leading to the creation of a Corporate Operations role, with Vicki Schmanske stepping in as EVP. Roy Stevens will replace Vicki as president of the Intelligence Group. CEO Roger Krone emphasizes the importance of flexibility to address customer needs in evolving markets. Leidos reported annual revenues of $12.30 billion for FY 2021.
Leidos (NYSE:LDOS) has secured a $2.5 billion contract from NASA for the Advanced Enterprise Global Information Technology Solutions (AEGIS) project. This contract spans 10 years if all options are exercised and aims to enhance NASA's telecommunications, cloud, and data center services across all facilities. Leidos will provide critical support for NASA’s IT infrastructure, ensuring mission-critical operations, including cybersecurity and emergency systems. This award follows Leidos' ongoing collaboration with NASA through its NEST contract, supporting the agency's overall IT operations.
Leidos (NYSE: LDOS) has scheduled its second quarter 2021 earnings conference call for August 3, 2021, at 8 a.m. ET. The call will follow an earnings press release issued earlier that day. Interested parties can listen via telephone or through a live stream on the company's Investor Relations website. A replay will be accessible from August 3 at 11:30 a.m. ET until August 10 at 11:59 p.m. ET. Leidos reported approximately $12.30 billion in annual revenues for the fiscal year ending January 1, 2021.